Home Equity Lines of Credit*
Limited Time Introductory Offer of 2.99% APR for 12 Months**
Using your home's equity (the value of the home you own minus any money you may owe on it) may be the key to getting the extra cash you need whenever you need it. Unlike a fixed loan, with a Home Equity Line of Credit, you can use the money when you need to, not just get the funds all at once.
First Atlantic offers a 15 year period where you can use the money (draw on your line of credit), followed by a 15-year repayment period. There are no closing costs and your application can be completed online, in-person or over the phone at 732-380-3600 select option 5.
We'll be here every step of the way making sure you have the information you need to make the best decision for your financial situation.
*Rate based on creditworthiness. Minimum monthly payment is $25.
**APR=Annual Percentage Rate. 2.99% Introductory APR available for first 12 months with $20,000 draw and $500 monthly direct deposit into a First Atlantic FCU deposit account. APR subject to change at any time and is based on the Prime Rate as disclosed in the Wall Street Journal as of the 25th of the previous month. The APR will never go higher than 18%. HELOC is a variable-rate line of credit secured by primary residences with up to 80% combined loan to value (CLTV) ratio for well-qualified applicants.
***A $350 processing fee is waived at the time the loan closes. If the loan is paid off within 2 years this processing fee will be added to the amount required to satisfy the loan.